>> Which will become->> The Trump bump that's carried US stocks to record levels has turned into an absolute boom for CEOs of some of America's biggest companies. According to a Reuters analysis, President-elect Donald Trump's win has made stock options great again, even for the likes of Goldman Sachs, CEO Lloyd Blankfein, who has a cameo role in one of Trump's anti-establishment campaign ads.
And JP Morgan CEO Jamie Dimon, who Trump once called the worst banker in the United Statese Reuters' Tim McLaughlin has been crunching the spreadsheets.>> JP Morgan CEO Jamie Dimon's options have increased. By about $50 million since Trump was elected. Meanwhile, Goldman-Sachs CEO Lloyd Blankfein's options were worthless on the eve of the election.
But since the stock market rally, those options have gone from a negative 7 million to a plus 11 million.>> All that's thanks to the Trump bump the market got since election day, pushing up the Dow Industrials by nearly 10%, with expectation tax cuts and easier regulation promised could help the economy.
It's not just the financial firms. Caterpillar, the company that makes the heavy machinery that would be used for Trump's infrastructure plan saw its company's outgoing CEO Douglas Oberhelman's options get a $10 million boost after Trump's victory.>> One of the criticisms of stock options for CEOs is that they are not linked to any financial performance metric.
Some critics point stock option as one of the main culprit for opening up the pay gap between the top executives and workers.>> Trump himself has criticized high CEO pay in 2015. And you see this guys making this enormous amounts of money is the total and complete>> But not all CEOs get the big pay boost, the heads of Coca Cola and Merck saw their options declined post elections.